W. R. Grace & Co. (NYSE:GRA), the leading independent supplier
of polyolefin catalyst technology and polypropylene (PP) process
technology, has announced that Engro Corporation Limited (Engro)
has in-principle agreed with W.R. Grace & Co. to use its
UNIPOL® PP Process Technology for the Company’s proposed
750KTA PDH-PP plant in Karachi, Pakistan.
Currently, Pakistan spends about USD 600 million on annual
import of polypropylene. Engro’s PDH-PP complex is the first
polypropylene plant to be built in Pakistan and aims to address the
increasing demand in the local polypropylene market and reduce the
country’s reliance on imports.
“Our proposed integrated PDH-PP complex can be a significant
milestone for Engro and Pakistan for the domestic growth of
polypropylene, and the enrichment of the petrochemicals landscape
for the country,” said Ghias Khan, President and CEO, Engro
Corporation. “With our commitment to further invest in projects
that are catalysts for growth in Pakistan and after studying the
commercial feasibility of a PDH-PP complex, we have selected Grace
as a technology partner based on its extensive experience and
cutting-edge solutions that have advanced such projects
globally.”
Laura Schwinn, President of Grace’s Specialty Catalysts business
said, “We are honored to be part of the first polypropylene plant
in Pakistan, and we are excited that Engro has selected our UNIPOL®
PP Process Technology for their proposed project. We know that our
process technology and our catalysts will provide Engro with the
reliability, versatility, and product capabilities that they need
to be a dominant player in the region. We look forward to seeing
their business grow and flourish in the years to come.”
Grace's all gas-phase UNIPOL® PP Process delivers
technology, innovation, and services for plant lifetime
performance. The versatile process technology provides the broadest
range of PP homopolymers, random copolymers, and impact copolymers
in the industry.
The UNIPOL® PP process is a state-of-the-art engineering
technology that achieves mechanical and operational simplicity and
delivers leading total installed cost and operating expense,
accelerated project schedules, fast startups, grade transitions,
and business results. The process technology, coupled with Grace’s
proprietary catalyst and donor systems and the UNIPOL UNIPPAC®
Process Control System, allows for maximum performance.
All UNIPOL® PP licensees can take advantage of Grace’s strong
long-term commitment to ensure their success through support which
includes continuous process and product improvements, access to
superior catalysts and donor technology, and on-going global
technical support for the lifetime of the plant.
Visit Grace’s website for more information
about Grace polyolefin catalysts and process
technology.
About Grace’s UNIPOL® PP Process
Technology
Grace is the leading supplier of polyolefin catalyst technology
and has the broadest portfolio of polyolefin catalyst technologies
of any independent polyethylene/polypropylene catalyst producer.
Grace is an industry leader in offering UNIPOL® PP Process
Technology, 6th Generation non-phthalate
CONSISTA® catalysts and donors, and UNIPOL
UNIPPAC® Process Control software.
About Grace
Built on talent, technology, and trust, Grace is a leading
global supplier of catalysts and engineered materials. The
company’s two industry-leading business segments—Catalysts
Technologies and Materials Technologies—provide innovative
products, technologies, and services that enhance the products and
processes of our customers around the world. With approximately
3,900 employees, Grace operates and/or sells to customers in over
70 countries. More information about Grace is available at
grace.com.
About Engro
Having a rich history of over 50 years, Engro Corporation is
Pakistan’s premier conglomerate with a diverse portfolio of
businesses across the four verticals of energy and related
infrastructure, agricultural outputs, petrochemicals and
telecommunication infrastructure. With decades of experience in
petrochemicals and a commitment to further develop its footprint in
the petrochemicals vertical, Engro started conducting the
commercial feasibility of the Polypropylene facility, based on PDH
technology, in April 2019. Recently, the group had announced to
invest over $30 million to conduct engineering, design and
technical studies for its proposed Polypropylene complex.
This announcement contains forward-looking statements, that is,
information related to future, not past, events. Such statements
generally include the words “believes,” “plans,” “intends,”
“targets,” “will,” “expects,” “suggests,” “anticipates,” “outlook,”
“continues,” or similar expressions. Forward-looking statements
include, without limitation, expected financial positions; results
of operations; cash flows; financing plans; business strategy;
operating plans; capital and other expenditures; competitive
positions; growth opportunities for existing products; benefits
from new technology and cost reduction initiatives, plans and
objectives; and markets for securities. For these statements, Grace
claims the protections of the safe harbor for forward-looking
statements contained in Section 27A of the Securities Act and
Section 21E of the Exchange Act. Like other businesses, Grace is
subject to risks and uncertainties that could cause its actual
results to differ materially from its projections or that could
cause other forward-looking statements to prove incorrect. Factors
that could cause actual results to differ materially from those
contained in the forward-looking statements include, without
limitation: risks related to foreign operations, especially in
emerging regions; the costs and availability of raw materials,
energy and transportation; the effectiveness of its research and
development and growth investments; acquisitions and divestitures
of assets and businesses; developments affecting Grace’s
outstanding indebtedness; developments affecting Grace's pension
obligations; its legal and environmental proceedings; environmental
compliance costs; the inability to establish or maintain certain
business relationships; the inability to hire or retain key
personnel; natural disasters such as storms and floods, and force
majeure events; changes in tax laws and regulations; international
trade disputes, tariffs, and sanctions; the potential effects of
cyberattacks; and those additional factors set forth in Grace's
most recent Annual Report on Form 10-K, quarterly reports on Form
10-Q, and current reports on Form 8-K, which have been filed with
the Securities and Exchange Commission and are readily available on
the internet at www.sec.gov. Reported results should not be
considered as an indication of future performance. Readers are
cautioned not to place undue reliance on Grace's projections and
forward-looking statements, which speak only as of the dates those
projections and statements are made. Grace undertakes no obligation
to release publicly any revision to the projections and
forward-looking statements contained in this announcement, or to
update them to reflect events or circumstances occurring after the
date of this announcement.
Media RelationsCaitlin
LeopoldT +1
410.531.8870caitlin.leopold@grace.com
Investor RelationsJason
HershiserT +1 410 531
8835Jason.hershiser@grace.com
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